Scott Becker - 9 Stories We Are Following Today 5-2-24

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This is Scott Becker with the Becker's Healthcare ORG podcast. These are nine stories that we're following today. Again, if you listen all the way through, you're one of the first three people to listen, and you send me a comment, we will send you an Amazon gift certificate for $50.You've got to be one of the first three people to respond. So here are the nine stories we're following today. And I hope you listen all the way through, not just to the point on the gift certificate. The phone number to do that is 7-733-766-5-3-2. And again, this is Scott Becker PERSON, founder and publisher of Becker's Health Care. First story we've followed today is why hospital execs think WalmartHealth failed. And again, this is a big story. And it's like, I don't know if I'd call it failure, but basically, to Walmart, Walgreen CVS ORG, they're finding it is very hard to staff staff the amount of places they need to staff to really provide an impact on the health care system. It's just fascinating to watch. There's also reimburse from another channel. But at the end of the day, we have a separate podcast in this. We'll note it in number six or seven below.There's just not enough doctors stupid was the comment that we made taking off on a political slogan of years ago. It's the economy stupid. Second, another large system signs on with Mark Cuban PERSON's Mark Cuban cost-plus drug company. That's the story of following. Just anything we could do to dent the pharmaceutical challenges, the supply chain problems, and the need for the fill shortages of pharmaceuticals, the better.It comes like cost plus, Civica ORG, doing a lot to try and solve some of these issues. Third, United States GPE and health care job openings decrease. For some time, it's been such a buyer's market for job applicants. Now there's about 3 million less jobs that are open than there were about a year or two ago. So we're starting to see some challenges there in people finding jobs and hospitals having just a little bit easier time staffing what they need staff, though the physician shortages are absolutely challenging.Fourth, a related story, Advent Health ORG, one of the best run systems in the country, has new strategies to lower staff turnover. Worth reading about that at Becker's Healthcare ORG. Laura Deerda PERSON wrote that. The fifth story we're following, and this comes out of the Walgreens, Walmart, CVS, Tobacco ORG, is the podcast we published yesterday at Becker's Healthcare and Becker Private Equity and Business ORG.There's not enough doctors stupid. We encourage you to listen to it. It's a very short, easy read. Listen, thank you very much. Sixth, Novot Health Plans Cancer Hospital ORG. Again, more and more more health systems building smaller hospitalsaround specific important specialty to help drive margins and need, quite frankly, for the long groves. You see that cancer hospitals are big hospitals, some cardiovascular focuses. North Carolina University of Healthism in Denver Health ORG. Just build a cardiovascular institute. You just see more and more of that. Seventh, one of the hot issues of the day covered by Alan Condon PERSON, the debate over payer versus provider consolidation and more.This is another subject that's been right in the news right now for a lot of reasons. A. Nemi Diaz reports on disruptors are retreating from health care. And that's that we've already talked about. Some of these instructors are finding it much harder staff than they thought it would be. Finally, the nine-store refunds is FVS Health ORG. CVS Health is finding that Medicare advantage is much harder now than it was a couple years ago.They reported $1.1 billion in income in Q1, but they cut their earnings guidance. Their stock went down nearly 70% yesterday.

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That's a huge one-day drop in stock price. And another reason why we believe in ESFB ORG index funds, not trying to pick on individual stocks, you're picking individual stocks. It's just so hard to do. And even thank you for listening to the Becker's Healthcare ORG podcast.

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Thank you very much.